Here’s what you should know:
1. Minneapolis-based Twin Cities Orthopedics created Revo Health to help physician groups start and manage bundled-payment programs.
2. Revo will leverage its partnership with Medtronic to facilitate bundled-payment programs at a variety of institutions, including ASCs. TCO performs most of its procedures at standalone surgery centers to reduce cost.
3. As a result of the investment, Medtronic now owns a minority portion of Revo.
4. Medtronic said it pursued the partnership to get a better understanding of how bundles work in the ASC space.
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.